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Wage inequality, minimum wage effects, and spillovers
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Stewart, Mark B. (2012) Wage inequality, minimum wage effects, and spillovers. Oxford Economic Papers, Vol.64 (No.4). pp. 616-634. doi:10.1093/oep/gps003
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Official URL: http://dx.doi.org/10.1093/oep/gps003
Abstract
This paper investigates possible spillover effects of the UK minimum wage. The halt in the growth in inequality in the lower half of the wage distribution (as measured by the 50:10 percentile ratio) since the mid-1990s, in contrast to the continued inequality growth in the upper half of the distribution, suggests the possibility of a minimum wage effect and spillover effects on wages above the minimum. This paper analyses individual wage changes, using both a difference-in-differences estimator and a specification involving comparisons across minimum wage upratings, and concludes that there have not been minimum wage spillovers. Since the UK minimum wage has always been below the 10(th) percentile, this lack of spillovers implies that minimum wage changes have not had an effect on the 50:10 percentile ratio measure of inequality in the lower half of the wage distribution.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Journal or Publication Title: | Oxford Economic Papers | ||||
| Publisher: | Oxford University Press | ||||
| ISSN: | 0030-7653 | ||||
| Official Date: | October 2012 | ||||
| Dates: |
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| Volume: | Vol.64 | ||||
| Number: | No.4 | ||||
| Page Range: | pp. 616-634 | ||||
| DOI: | 10.1093/oep/gps003 | ||||
| Status: | Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
Data sourced from Thomson Reuters' Web of Knowledge
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